Spare Parts Logistics Market size is expected to grow at an annual average of 5% during 2021-2027.
A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or replacement of failed units. Spare parts are an important feature of logistics engineering and supply chain management, often comprising dedicated spare parts management systems.
Asia-pacific is the largest market as more than half of automotive are shipped from Asia-Pacific, especially China, Japan and Korea. China has the largest automotive production in 2016 and Japan is also an important automotive manufacturing country. With the fast-growing automotive production, Asia-Pacific also enjoys the fastest growth rate.
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By the type, the market is primarily split into
- Air Freight
- Ocean Freight
- Inland Freight
By the application, this report covers the following segments
- Automotive
- Industrial Sector
- Technology Industry
- Electronics
- Others
The Spare Parts Logistics key manufacturers in this market include:
- AnJi
- FedEx
- Kuehne+Nagel
- DSV
- Ryder System
- Logwin
- Kerry Logistics
- SEKO
- Yusen Logistics
- TVS Logistics
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Scope of the Report
The research study analyzes the global Spare Parts Logistics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Spare Parts Logistics Market Report
1. What was the Spare Parts Logistics Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Spare Parts Logistics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Spare Parts Logistics Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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